Liz Truss’s time is up
- Thread starter Dogsauce
- Start date
I have been following the thread but haven't seen it already posted and I guess theres a fair amount of pages. Just thought I'd share a short, funny video about Liz Truss that some people might like thats all. It made me laugh so I thought it might make others laugh aswell. But clearly that was a mistake.
This place is weird, but it was ever thus.
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Cid
Proper break this time
Kind of the point surely?
Smokeandsteam
Working Class First
I had assumed Truss would use the OBR meeting to provide cover and to say following discussions the tax cut for those at the top was being delayed to next April and that the OBR had agreed to work with the CX to cost how spending cuts would pay for the tax cuts etc and this would be presented to the HoC etc. Doesn't look like it though....incredibly bad political judgement if so.
btw, effing and jeffing is a phrase I haven't heard for years. Time to bring it back...
Wilf
Slouching towards Billingham
I think the really worrying thing is your idea they might see this as that final adjustment where the welfare state is wiped out and public spending permanently cut below the bone. You could be right that through some mixture of ideology and Naomi Klein type idea of crisis as opportunity, they could be seeing an end game in all this. And certainly, markets would be happy to see that 'reassurance'. It's just how do they think they will carry it off politically? They very much risk reviving the left and/or working class protest and will also be hit with the protest of those with mortgages. I can't see Labour sustaining anything like the leads they have now but equally, 10%+ leads are normally the point where you think about changing leaders or hit the panic button.
I suppose the point I'm getting at is that this produces true horrors for large parts of the working class and varying degrees of discomfort for different segments of the middle class. Even more, a real sense that it isn't a 'temporary' problem, something systemic. People will be more likely to connect the horrors in their own budget with the next wave of NHS privatisation. True, Labour won't overturn everything, but politicians who have a 'project' usually see themselves being in office to delver the thing.
48 minutes. Taking out the time to sign in, pleasantries before and after the meeting, that's probably about 30 minutes of actual conversation. wtf. this is actually quite serious guys.
story
Changing the facts
I don’t get it. What is the intended end point for this. Do they genuinely not understand that if people haven’t the money to buy even the basics we won’t be able to “kick start the economy”.
I know the stupid is in full effect here but even if we accept that this is just a mathematical formula and the real life effects are invisible to them, the way they’ve applied the formula doesn’t make sense.
What do the Trussers actually think is going to happen next? What is their most optimistic assumption about their intended outcomes?
If we all die in a ditch there won’t be anyone left to tax. Their money machine will grind to a halt.
I know the stupid is in full effect here but even if we accept that this is just a mathematical formula and the real life effects are invisible to them, the way they’ve applied the formula doesn’t make sense.
What do the Trussers actually think is going to happen next? What is their most optimistic assumption about their intended outcomes?
If we all die in a ditch there won’t be anyone left to tax. Their money machine will grind to a halt.
Karl Masks
Birds Angel Delight
Spandex
A crazy bulbous punchbag of sound
This meeting was just a bit of political theatre to be seen to be doing something without doing anything. The OBR offered to do a report, was asked not to. Economy collapsed. Now they've been asked to do a report. They'll have it ready by next week. Truss/Kwarteng say they'll publish it 23rd November. Could've all been done with a few emails.
A lot of people need to justify to themselves why they voted Tory last election.
Wilf
Slouching towards Billingham
I notice they are not publishing the OBR report till the 23rd November (they get it 7th October). Strikes me that Labour could seek earlier publication when the recess is over, as a semi-safe (or at least non-vonc) issue to start getting a few tories to rebel or abstain.
Wilf
Slouching towards Billingham
Yep, even those who might have been thinking about launching a small business will be faced with higher interest rates. And a fair proportion of the rest of the population will be missing meals and getting the electric and gas cut off.
Raheem
Well-Known Member
It's a case of admit defeat or plough on regardless, like Putin.
Wilf
Slouching towards Billingham
People Polling have another 30% Labour lead. Their client is GB News, yuk, but still, fuel on the fire:
Welcome - PeoplePolling
Welcome to PeoplePolling PeoplePolling provides services that enable clients to tap into public opinion in novel and systematic ways. We offer solutions to understand public opinion with data from representative surveys, focus groups, social media and other data sources to fully capture and...
peoplepolling.org
Jeff Robinson
Marxist-Lentilist: Jackboots and Jackfruit
story
Changing the facts
Not the fall out, the idea, the “mini-budget” . They didn’t formulate that with the intention to fuck it uo. They made that plan because they thought it would work in some way. So what did they think it would do?
Setting aside the question of incompetence and ineptitude etc. what was the intention here? What did they think was actually going to happen as a result of this “financial intervention“.?
Why was Truss floated as a candidate at all if she was known to be this inept? So she must have been seen to have some kind of substance, right? Or is that wrong?
Or is this all and only KK’s idea and he’s the totally inept one? If so, was it given the nod?
What am I missing here?
Or am I mistaken in assuming they had any end point in mind? If so, what was the purpose of this ?
Is this a stupid question?
Never rated Dan Snow but that has got to be one of the funniest lines I ever heard
story
Changing the facts
To use the analogy in that tweet posted by Jeff Robinson
Why did they set fire to the house in the first place? What was the purpose of that? What did they think would happen?
Madness and stupidity is not the right answer. They had some intention. What was that intention.
Why did they set fire to the house in the first place? What was the purpose of that? What did they think would happen?
Madness and stupidity is not the right answer. They had some intention. What was that intention.
littlebabyjesus
one of Maxwell's demons
Trussnomics - cut taxes, raise borrowing, Magic! - was clearly signalled in the early tory leadership debates. This is what the tories voted for.
story
Changing the facts
Yes, but what is the intent behind this general policy.
What do they intend as the result from this kind of foundational deconstruction.
What is the desired outcome.
Ax^
Silly Rabbit
pure arrogance on both of them wanted to be seen as Maggie spiritual successors
did not think past the headlines the following day
story
Changing the facts
So why didn’t they just do Thatcher then?
Even I know Thatcher would be less destructive than this. Because this just breaks everything. Thatcherism has pulls and toggles and levers and cogs and pulleys that keep the machine going, even if that machine chews up a substantial proportion of the citizenry there is enough benefit that it can at least keep itself going.
Am I asking a stupid question?
littlebabyjesus
one of Maxwell's demons
I think you may be thinking a bit too deeply about this. The desired outcome of Truss saying that in the leadership debates was to become prime minister. Clearly the desired outcome of actually following through with it wasn't economic chaos and 30 points behind in the polls. That can be put down to stupidity, I would think.
littlebabyjesus
one of Maxwell's demons
Thatcher broke everything in her first couple of years in power by following dogmatically the mad economic doctrine of monetarism - subsequently reversed cos it didn't work. They are doing a Thatcher.
story
Changing the facts
What I mean is…. It‘s so obviously not going to work. How can it work when things are so fucking bad that there is nothing left to draw on.
Cut taxes and raise borrowing doesn’t work if anyone below RICH can’t afford to buy shoes and borrowing pushes everything else off a cliff. Even I can understand that.
tommers
It was... Rebekah Vardy's account
I wrote a long answer but binned it. Short answer is they seem to believe in it. That this will produce growth in the economy.
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